Biden campaign vs. Biden administration: on Budget & Economy


Janet Yellen: Reestablish hedge fund oversight panel

[On financial reform goals]: "The pandemic showed that leverage of some hedge funds can amplify stresses, too," Yellen said. "This council used to have a hedge fund working group, and as of today we have one again. We're establishing the working group so that we can better share data, identify risks and work to strengthen our financial system."
Source: CNBC on 2021 Biden Administration Mar 31, 2021

Janet Yellen: We could reach full employment by as soon as next year

With the passage of the American Rescue Plan, I believe Americans will emerge from the pandemic with the foundations of their lives intact. And that is an enormous economic and moral achievement for America. Indeed, we are now charting a very different course out of this crisis compared to the one a decade ago. Rather than a long, slow recovery, I expect we could reach full employment by as soon as next year. Our Treasury team will be doing everything we can to accelerate the recovery.
Source: Treasury press release: 2021 Biden Administration Mar 10, 2021

Joe Biden: ARPA tackles urgent public health and economic crises

ARPA provides the tools and support critical to tackle the urgent public health and economic crises the Nation faces as a result of COVID-19. This includes funding to set up community vaccination sites nationwide, scale up testing and tracing, eliminate supply shortage problems, invest in high quality treatments, address health disparities, and ensure workplace health and safety protections.

The bill also delivers immediate relief to workers and families bearing the brunt of the public health and economic crises, by providing eligible Americans with a $1,400 payment in addition to the $600 payment provided in December of 2020.

The bill also expands the Child Tax Credit and Earned Income Tax Credit on an emergency basis, extends key emergency unemployment benefits, raises the minimum wage to $15 per hour, and stabilizes pensions for Americans who participate in multi-employer pension plans. [See details of ARPA]

Source: Statement of 2021 Biden Administration Policy on H.R. 1280 Mar 1, 2021

  • The above quotations are from Campaign promises compared to follow-up actions taken by the Biden Administration.
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  • Click here for more quotes by Joe Biden on Budget & Economy.
  • Click here for more quotes by Kamala Harris on Budget & Economy.
2020 Presidential contenders on Budget & Economy:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN) 		Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Jan 17, 2022